Fortuna Silver Mines Inc FSM

Banksters led by Cannacord mauled the price

[PeterThomas]

down almost 30 % from Thursday mornings $5.50 high to Fridays $3.87 close. Probably loads of naked shorting and algo manipulation. 50 million shares. Probably another 10-20 million retailers shares will bail on Monday and early Tuesday until the pain subsides.  Company hopefully will have some upbeat release by Wednesday.  The floor is around $3.45-3.55.  FSM was never a long term investment, it is just a trading vehicle now.

[Dogsbreakfast4U]

The analyst from Cannacord put a sell rating on the stock even before the CC. Wouldn't be surprised if they shorted the stock right after. Expect a sharp rise in the stock as they start covering sometime next week or on any wiff of resolution ref San Jose.

[PeterThomas]

Yes, I also noted the timing.   SELL signal came about 1 hour before the CC, then this same guy was first in line to pour salt in the wound during the Q&A.  Then he put himself back into the que to ask more questions.  Furthermore, another issue came from another analyst who peppered the managment on Lindero's start-up progress.  Company came across badly on this

[PeterThomas]

Yes, the price had double or triple smash levels throughout the session.  Here are the perches: Open: $4.80   Sell Call by Cannacord :   $4.20 before the CC Last hour $ 3.87

[goldman88]

This post has been removed in accordance with Community Policy

[yoshka2000]

So, what is the real issue that the Mexican  Govt. has with the Co.Is this an Enviromental Epic shakedown on the mining industry or just on bad actors.? A 24% drop in the stock in one day makes you want to look the 2nd. time and wonder, know?

[goldman88]

This post has been removed in accordance with Community Policy